Dec 22 2016 at 13:54
Monnex posted:
Forex Psychology: If you want to profit from your trading don't do 7 mistakes
1- Trade too much
2- Risk too much
3- Thinking too much
4- Reading too much news & analysis
5- Gambling
6- Trading without strategy
7- No money management
It seems that the theory of 'too much' is not favorable.
PriceAction13 posted:
I don’t switch on my trading terminal directly without 15 minutes meditation! Honestly, this process helps me for being a successful Forex trader! I make prepare my neurons before opening my chart by meditation!
Interesting approach and technique with meditation. I am wondering if it needs to be that long or even few minutes are enough for meditating 😄
Need for speed!
naiza posted:
It seems that the theory of 'too much' is not favorable.
What do you mean by that?
Need for speed!
Dec 25 2016 at 08:34
MMM, I doubt that meditation will serve much in the Affairs of business. I.e., is in the personality of the dealer. If it is a volatile person, who does not trace its earnings targets and does not work professionally, the meditation will not help you.
Dec 25 2016 at 13:19
With algorithmic robot trading there is no concern of trading psychology... Also, less stress, more sleep and even more free time.
Added bonus: Making profits during the Asian session while you are sleeping. 😄
Added bonus: Making profits during the Asian session while you are sleeping. 😄
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Forex Psychology: Always think risk before reward
Forex Psychology: Preserve your capital and don't run after ADS illusion that you will be millionaire with few dollars
FxMasterGuru posted:
With algorithmic robot trading there is no concern of trading psychology... Also, less stress, more sleep and even more free time.
Added bonus: Making profits during the Asian session while you are sleeping. 😄
depends in your EA strategy :-)
Dec 25 2016 at 17:27
Monnex posted:FxMasterGuru posted:
With algorithmic robot trading there is no concern of trading psychology... Also, less stress, more sleep and even more free time.
Added bonus: Making profits during the Asian session while you are sleeping. 😄
depends in your EA strategy :-)
Yes, correct...
I meant it for successful manual strategies which are hard to implement - on larger investments - due to psychological factors.
I was very good at demo trading, mediocre with smaller funds and disastreous with larger investments. Moving to fully automated trading has solved all my problems. I have never looked back.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
FxMasterGuru posted:
With algorithmic robot trading there is no concern of trading psychology... Also, less stress, more sleep and even more free time.
Added bonus: Making profits during the Asian session while you are sleeping. 😄
I guess this is the case when there is no flash crash of the markets during that session. Maybe you sleep better in general but isn't it a stress with the need to update the robots settings regularly, and when they go wrong? I'm not expert on auto trading so I was just wondering about these aspects as well.
Knowledge is king!
